Gene Mundt, Mortgage Banker - Chicago Bancorp



There's been a whirlwind of activity and changes taking place within the real estate and mortgage industries during the last month or so.  I sometimes feel like I'm running just to keep up.


At the end of a busy week, it's only natural to feel a little dazed by the speed in which you now must work ... maybe a little breathless. 


To counterbalance all of this, I've been searching for some good news ... some positives ... that have occurred during the work week passed, so I can focus on positives as I head into a weekend and the week ahead.  So far, it's been proving very helpful!


I figure maybe you might be in need of some positives as well ... so I'm sharing some of the articles I found and enjoyed for last week with you.


I'm going to continue do this on a regular basis.  I, like the real estate veteran quoted in an article contained here, believe that a fair amount of the misery we currently suffer in the housing market is in direct reaction to the negative and pessimistic news we hear relentlessly in the news. 


It's time we share some positive things currently taking place within our industry.  Maybe this will help turn the tide.  I'm hoping so.  But certainly, it can help our spirits and our mental outlook as we perform our job duties each day. 


Enjoy these more positive offerings.  As always, please let me know your thoughts, your concerns, and your needs.  I'll be glad to hear from you ... and address them immediately.





Today’s Real Estate Market a   “Once-in-a-Generation Opportunity”


“This economic crisis, while similar to the Great Depression, is also unique in the way that the housing market played a central role,” Rand said. “It is true that this is a once-in-a-generation crisis. It is also true that this is a once-in-a-generation opportunity. It’s time to focus on the other side of the coin.” ...   


To read more, double-click here ...  




Latest NAR Report Finds Housing Market on the Path to Recovery


Sales of existing-home sales rose in March, continuing an uneven recovery that began after sales bottomed last July, according to the latest report from the National Association of Realtors (NAR). Existing-home sales, which are defined as completed transactions, including single-family homes, townhouses, condos and co-ops, increased 3.7 percent to a seasonally-adjusted annual rate of 5.10 million in March from an upwardly revised 4.92 million in February, but are 6.3 percent below the 5.44 million pace in March 2010. Sales were at elevated levels from March through June of 2010 in response to the first-time homebuyer tax credit.


To read more …






Remember ... you can easily find me at:


Direct:  815.277.4036

Cell/Text:  708.921.6331


Gene Mundt Mortgage Team

Chicago Bancorp


I wanted you to meet my "team" at Chicago Bancorp.  Together we all work hard to serve you and your clients' every mortgage need. I'm very proud of my team and its' efforts.  It's a pleasure working with each and every one of them.


To help you know to whom you are speaking when you call my team:


Gene Mundt, Mortgage Banker

Stephanie Hickman, Operations Mgr.

Cherry Lubrin, Loan Analyst

Ron Hudec, Associate Banker

Mike Belmont, Assoc. Banker Mgr.

Angela Rebarchik, Loan Analyst


Please feel free to contact me, or any of my team members, when in need of quality mortgage service ... or for answers and solutions to your clients' mortgage needs.




For PITI's sake: mortgage acronyms defined ...


Clients and newbie real estate professionals can be overwhelmed by the huge amount of acronyms used within the mortgage industry.


To help those beginning their mortgage journey, I've included a link to a slideshow that explains many of the acronums used in today's mortgage industry. 


Please feel free to pass this link and slideshow on to your clients, should they be in need of some assistance ...


For PITIs sake: mortgage acronyms defined



I look forward to working with you again soon!


Best regards,





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Company Name | 16605 W. Oneida Drive | Lockport | IL | 60441